Singapore office REITs spared for now but gloomier 2021 awaits

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Office rents in Singapore’s central business district (CBD) are still largely stable despite the COVID-19 outbreak, but this may change come 2021.

Given this outlook, Singapore-listed office REITs are expected to face considerable headwinds from next year onwards.

This is especially so with REITs that own Grade A office properties in areas that have higher vacancies.

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